25 Pickering RoadMulgrave VIC 3170
Property Details for 25 Pickering Rd, Mulgrave
Last Listing description (October 2023)
Colliers, on behalf of receivers Mackay Goodwin, are delighted to bring to market, for sale, 25 Pickering Road, Mulgrave via onsite auction Thursday, 19th October at 1pm (AEDT).
The substantial freehold sits within the core inner eastern precinct of Mulgrave and is surrounded by unrivalled connectivity including Blackburn, Springvale & Wellington Roads as well as being moments from the Monash Freeway and Princes Highway. Servicing the site is excellent amenity including Brandon Park Shopping Centre, M-City & Pinewood Shopping Centre as well as multiple bus routes. Mulgrave sits within the renowned City of Monash industrial and commercial precinct and is home to major corporations including Adidas, Amazon, Tesla & William Adams showcasing the corporate demand within area.
Key Property Highlights;
All plant and equipment to be removed and reinstated back to cleaspan warehousing
7.5m* internal warehouse clearance
Significant power available to site
Dual roller doors
Office area: 200m*
Dual level male & female amenities
Excellent natural light
Abundance of onsite carparking
With owner occupier opportunities extremely hard to find within these core inner eastern locations, 25 Pickering Road is not to be missed. For further information or to book an inspection please contact your exclusive Colliers agents below.
*Approximate
**Outlines indicative only
Property History for 25 Pickering Rd, Mulgrave, VIC 3170
- 28 Jun 2024Sold for $3,100,000
- 19 Oct 2023Sold for $3,300,000
- 17 Aug 2023Listed for Sale Please contact agent
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About Mulgrave 3170
The size of Mulgrave is approximately 10.7 square kilometres. It has 40 parks covering nearly 5.8% of total area. The population of Mulgrave in 2011 was 17,647 people. By 2016 the population was 19,380 showing a population growth of 9.8% in the area during that time. The predominant age group in Mulgrave is 30-39 years. Households in Mulgrave are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mulgrave work in a professional occupation. In 2011, 77.3% of the homes in Mulgrave were owner-occupied compared with 75.4% in 2016.
Mulgrave has 9,250 properties. Over the last 5 years, Houses in Mulgrave have seen a 20.64% increase in median value, while Units have seen a 17.77% increase. As at 31 October 2024:
- The median value for Houses in Mulgrave is $1,083,976 while the median value for Units is $836,245.
- Houses have a median rent of $628 while Units have a median rent of $630.
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